Member Info for Helpful

From the RNS 16th November 2017 The Deloro, Petroteq Memorandum of Understanding � Deloro is a newly formed private company which has entered into an MOU with Petroteq Deloro has entered into a joint venture arrangement with Petroteq under which Deloro will invest in a project that: o holds the right to explore, mine, extract, product and sell or dispose of oil sands, bitumen, asphalt and other hydrocarbon substances and minerals in and within certain lands and properties situated in Uintah County, State of Utah, in the United States ("the Asphalt Ridge project") that comprises: 250 bopd plant & equipment; 87 MMSTB's of contingent reserves; and intellectual property relating to the processing and extraction technology and land title; and o owns an oil sands processing facility, having a processing capacity of 250 bopd; � and subject to the investment of an aggregate amount in stages of US$10m by Deloro, it will earn up to a 49% interest in the Asphalt Ridge project in the form of convertible loan notes, payable as follows: The important bit is the IP contrary to what certain people have been saying!!!!! I would be very surprised if Petroteq don't want to keep all the technology now that the plant is nearly up and running. Assuming no surprises, it should be producing by the end of the month. When PQE agreed the deal in September/October 2017 it had no cash, its share price was on the floor and no producing plant. The oil price was a lot lower than now: what looked to be a good deal for them in 2017 now probaby looks pretty nasty. DYOR

Still got Mayan down as a sell recommendation at 0.27p? I am not as good at maths are you obviously are: can you work out if holders are in profit from 0.27p or in loss? xx

IG was showing 11.83% up at the close but has now gone to 4.14% up. There might be some after hours trading.

http://onlinelibrary.wiley.com/doi/10.1002/cbdv.200490129/abstract

The big play now is to tie up all the other oil sands in Utah: according to the US, it is circa 32 billion barrels of oil. Say half is recoverable: that is a lot of oil and a lot of money.

Obviously it can't be true because Ratty says it isn't true and he knows absolutely everything.

And sure enough we move up. Some good corporate news or some workover news and we are off t'races. He has been a long wait here.

0.915p to sell on IG - live price. Looks like we are going to move up again.

RRR should have the buyback payment two weeks today. www.jupitermines.com/images/jupiter---ubachohghe.pdf

NB because it is an Australian listing the IPO doc is not supposed to be circulated in the UK: same as when Doriemus listed on ASX.

Subscription site. Looks like JMS is circulating its P Doc Morning Headlines Business News-27 Feb 2018 Page 14: Manganese miner Jupiter Mines' second run at the ASX boards is finally underway and word is trickling in from Asia about the likely offer structure. Page 15: A deal struck between the Australian and Timor-Leste governments has opened the door for progress on Woodside Petroleum's long-stalled $US13 billion ...

https://twitter.com/JBrewerMining/status/969410535413313537?ref_src=twcamp%5Ecopy%7Ctwsrc%5Eandroid%7Ctwgr%5Ecopy%7Ctwcon%5E7090%7Ctwterm%5E3

https://finance.yahoo.com/news/para-resources-announces-close-over-111500806.html

I don't think you should put much credence on anything, you just gives you a rough feel. Bottom line is that the assets of RRR are not worth zero, they are worth more. To establish how more the only thing to do is put them up for sale. An asset is only worth what over parties are willing to pay. You comments about EBITDA are erroneous. For instance hotels with operations/management agreements as opposed to leases are regularly sold based on EBITDA. Sometimes it is EBITDA plus for a lifestyle business with the proprietors earnings added back in. VC's regularly use EBITDA for businesses; other methods are DCF, NAV, comparative analysis, replacement cost. Replacement cost on the Steelmin assets are circa Euro 100mil. I expect an offer to come in for Steelmin shortly after the furnace is brought back into use and then we will find out what it is worth. NB Steelmin may have been capital intensive for the original partners but not for RRR. We should hear something on Migori soon. DYOR

https://twitter.com/cheapertrader/status/968752165417299973?ref_src=twcamp%5Ecopy%7Ctwsrc%5Eandroid%7Ctwgr%5Ecopy%7Ctwcon%5E7090%7Ctwterm%5E1

Better late than never. https://amp.afr.com/street-talk/asx-aspirant-jupiter-mines-set-to-rule-off-buyback-20180213-h0w1nm?__twitter_impression=true

We will do well here. The Trolls are going to be choking on their bile shortly.

JMS obviously starting to ramp up for the listing. Hopefully, we will see some action next week. http://www.jupitermines.com/projects/tshipi/tshipi_update_video.phtml

I wouldn't be surprised if some warrants get exercised and are being pre-sold: that may be happening now. Put the hatred of AB and the history of RRR to one side: on a rational basis it does look pretty good at the moment. Obviously, things can still go wrong but I think RRR is on a big upswing now. I also think that Steelmin will get sold sooner rather than later. DYOR

It is Align's business model to take shares and not to take cash.